Granada Gold Mine Inc. announced that a 500-tonne surface bulk sample, which is the third bulk sample from the high-grade Vein One at the Granada deposit, has returned an average grade of 3.95 grams per tonne (g/t) gold. All three surface bulk samples taken to-date along strike have returned grades well above the estimated Measured and Indicated Mineral Resource average grade of 2.05 g/t gold in the resource calculation. Bulk Sample Highlights: · Processing of Bulk Sample: A 500-tonne surface bulk sample was blasted along with 800 tonnes of low-grade material.

The 500-tonne bulk sample was initially screened with a 6.0-inch opening and the minus 6.0-inch material was forwarded to Temiskaming Testing Laboratories (TTL) in Cobalt, Ontario for further processing and assaying. The representative sample was further crushed and ground for screening at 20-mesh. The minus 20-mesh material was sent to the sampling plant for a representative sample for the assay lab.

The remainder of the minus 20 mesh material was kept for further metallurgical testing at TTL. The screen size of minus 20 mesh was chosen as a size class below which would eliminate native gold from the sample for assaying. The company is attempting to determine a base gold grade without any native gold.

Gold Grade of Bulk Sample: The 500-tonne bulk sample returned an average grade of 3.95 grams per tonne gold. Metallurgical Testing to come: The minus 20-mesh material will be subjected to simple gravity test work at TTL to see what gold grades are possible without using any chemicals for processing.